Democrat says we're going bankrupt...
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From: Jim Thompson on 13 Jul 2010 23:36 Democrat says we're going bankrupt... http://tpmcafe.talkingpointsmemo.com/2010/07/13/bowling_alone_erskine_bowles_goes_off_the_deep_end/ ...Jim Thompson -- | James E.Thompson, CTO | mens | | Analog Innovations, Inc. | et | | Analog/Mixed-Signal ASIC's and Discrete Systems | manus | | Phoenix, Arizona 85048 Skype: Contacts Only | | | Voice:(480)460-2350 Fax: Available upon request | Brass Rat | | E-mail Icon at http://www.analog-innovations.com | 1962 | I love to cook with wine. Sometimes I even put it in the food.
From: Robert Baer on 14 Jul 2010 04:39 Jim Thompson wrote: > Democrat says we're going bankrupt... > > http://tpmcafe.talkingpointsmemo.com/2010/07/13/bowling_alone_erskine_bowles_goes_off_the_deep_end/ > > ...Jim Thompson "Going"??? We *ARE* bankrupt!
From: quiettechblue on 17 Jul 2010 00:31 On Tue, 13 Jul 2010 20:36:47 -0700, Jim Thompson <To-Email-Use-The-Envelope-Icon(a)On-My-Web-Site.com> wrote: >Democrat says we're going bankrupt... > >http://tpmcafe.talkingpointsmemo.com/2010/07/13/bowling_alone_erskine_bowles_goes_off_the_deep_end/ > > ...Jim Thompson And yet they want to increase the self destructive spending on programs that don't and can't work.
From: Bill Bowden on 17 Jul 2010 01:10 On Jul 13, 8:36 pm, Jim Thompson <To-Email-Use-The-Envelope-I...(a)On-My- Web-Site.com> wrote: > Democrat says we're going bankrupt... > > http://tpmcafe.talkingpointsmemo.com/2010/07/13/bowling_alone_erskine... > > ...Jim Thompson > -- > | James E.Thompson, CTO | mens | > | Analog Innovations, Inc. | et | > | Analog/Mixed-Signal ASIC's and Discrete Systems | manus | > | Phoenix, Arizona 85048 Skype: Contacts Only | | > | Voice:(480)460-2350 Fax: Available upon request | Brass Rat | > | E-mail Icon athttp://www.analog-innovations.com| 1962 | > > I love to cook with wine. Sometimes I even put it in the food. Bankrupt? We only have a 14 trillion debt out of 200 trillion in assets. So, if we just taxed 7% on assets, we can pay off the debt this year. So, what is the balance sheet problem? -Bill
From: dagmargoodboat on 17 Jul 2010 23:57 On Jul 17, 12:10 am, Bill Bowden <wrongaddr...(a)att.net> wrote: > On Jul 13, 8:36 pm, Jim Thompson <To-Email-Use-The-Envelope-I...(a)On-My- > > Web-Site.com> wrote: > > Democrat says we're going bankrupt... > > >http://tpmcafe.talkingpointsmemo.com/2010/07/13/bowling_alone_erskine... > > > ...Jim Thompson > > -- > > | James E.Thompson, CTO | mens | > > | Analog Innovations, Inc. | et | > > | Analog/Mixed-Signal ASIC's and Discrete Systems | manus | > > | Phoenix, Arizona 85048 Skype: Contacts Only | | > > | Voice:(480)460-2350 Fax: Available upon request | Brass Rat | > > | E-mail Icon athttp://www.analog-innovations.com| 1962 | > > > I love to cook with wine. Sometimes I even put it in the food. > > Bankrupt? We only have a 14 trillion debt out of 200 trillion in > assets. So, if we just taxed 7% on assets, we can pay off the debt > this year. > > So, what is the balance sheet problem? > > -Bill Well, one problem would be that $14T divided by 100e6 taxpayers = $140,000 each. Will you be paying cash or by check? Another problem is that you're forgetting nearly $100T in benefits we've promised but do not yet have any money to pay ("unfunded liabilities"). Another small problem would be that, for instance, all the publicly listed companies in the United States *combined* would go for about $19 T, as of May 2010: http://www.world-exchanges.org/statistics/key-market-figures. (Where are you getting this $200T figure, BTW, and where does it appear on the United States' balance sheet?) Cheers, James Arthur
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